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Asian Markets Advance In Early Monday Trading

By

Rosalind Mathieson

Updated Oct. 13, 2008 12:01 a.m. ET

Asian share markets were gaining in Monday trading, with some comfort from signs world leaders are acting in a more aggressive and coordinated fashion to shore up financial markets and the banking sector.

Australia's S&P/ASX 200 was 5.7% higher after falling nearly 16% last week, with financial sector stocks boosted by a government guarantee of banking deposits. New Zealand's NZX-50 reversed an early 1% fall to be up 1.7% later in the day.